A quick update on the S&P500 index

I am posting this around 1.30 pm EST on 3rd April. The S&P500 index is straddling the bottom of a diagonal triangle, and a break seems imminent. What you can learn from the chart below is how the internal waves are all so related to each other, and have followed the Elliott Wave rules. Enjoy.

TASI MAGIC

Hello Everyone. There have been several requests from traders in the Middle East for an update on the Saudi Stock Index. You should take a look even if you have no interest in this market! Let me share with you some charts today just to show how you could have identified key levels by using

Elliott Wave Analysis of India's Sensex – October 2012

Over the last four years or so, this blog has been presenting you with Elliott Wave Analysis of various instruments in a variety of markets. I have shared with you veritably a treasure trove of information, and have spent countless hours answering innumerable questions from young and experienced traders alike. All this went on despite

What Next For The S&P500

Now that the S&P500 has entered the 1435-1450 window that I had discussed in my Forbes article, it is natural that we ask ourselves what next for the index. I thought maybe this is a good time to spell out my approach to the markets again. Elliott Wave analysis is a great tool to have

Elliott Wave Analysis of India's Sensex BSE Index

When we know that we are in the midst of a complex correction, we should expect the unexpected! India’s stock indices are a clear example. I have posted a few times about the NIFTY. Here is a look at the Sensex for a change. Elliott Wave and Fibonacci relationships abound. I have only shown you

Elliott Wave Analysis of the Dow Jones Industrial Average

After my recent posts on the S&P500 provoked some animated discussions, I was persuaded by one reader to look at the Dow. What follows below are three charts that offer my Elliott Wave Analysis of the Dow Jones Industrial Average. Elliott Wave Rules and Guidelines continue to be observed here. However, I must confess that

Elliott Wave Analysis of Egypt's EGX30 Index

Is it possible to do an Elliott Wave Analysis of Egypt’s EGX30 index? Yes, of course. Take a look at the attached chart. You can see clearly that the second wave retraced wave 1 by 50%. That was followed by the third wave travelling just a shade over 161.8% of wave 1. We then got

Elliott Wave update on German Dax Index: Aug 2012

From an Elliott Wave point of view, the recovery in the Gernam Dax index from its June 5, 2012 low of 5914 does not look like a third wave. In addition, the prior recovery from the September 2011 low of 4965 to 7194 looks like a three wave movement, followed by an overlap. Thus, while

Elliott Wave Analysis is one of the most fascinating approaches to trading the financial markets. Congratulations! You have already taken your first steps to becoming a better trader by browsing some of the examples given in the other pages here.

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